REPORTS OF THE TRUSTEES AND ST FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 FOR GHANAIAN METHODIST CHURCH CALVARY SOCIETY BIRMINGHAM
CONTENTS CHURCH INFORMATION.............. TRUSTEES REPORT............... INDEPENDENT EXAMINERS'S REPORT.................... INCOME & EXPENDITURE ACCOUNT..... BALANCE SHEET.......... NOTES TO ACOUNTS............
ORGANISATION INFORMATION NAME OF ORGANISATION: GHANAIAN METHODIST CHURCH, CALVARY SOCIETY. BIRMINGHAM TRUSTEES: Rev Eric A8yenim-Boateng Mrs Ellen Opoku Mr Richard Doh REGISTERED OFFICE: 4Elm Avenue Lutterworth Leicestershire LE17 4SU CHARITY REGISTERED NUMBER 1174567 BANKERS Lloyds Bank ACCOUNTANTS EA Winful & A550ciates
STRiICTVRE, GOVERNANCE AND MANAGEMENT Risk management The trustees have a duty to identify and review the risks to which the church is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error. The trustees confirm that considerations have been given to the major risks to which the church is exposed and that systems have been designed and established to mitigate those risks. OBJECTIVES AND AcfiviTIES Objectlves and aims The objectives of the church are.. i. The propagation of the gospel of Jesus Christ li. The relief of poverty iii. Education The Trustees have considered the Church's general guidance on public benefit. Actlvities durlng the year The Church continued its programme of reaching more people for God. The normal activities of Sunday and weekday services continued. Church fellowship on Sundays continued to be a success. The Church continued to be of immense assistance to members in dlverse social and spiritual needs. Members were assisted with counselling, welfare, and accommodation assistance, among others. The church provided strong support to members and their families in times of joy and bereavement. The Church supported members at the sad times of funerals. Members were prayed for at such times and encouraged with the word of God. Sickne55es and ailments are part of life. On occasions when members or their families are hospitalised, prayers of deliverance were freely offered. Evangelism The church continLJed its evangelistlc mission through out the year ensuring that its message reaches a wider audience in the UK. The word of God was brought to the homes of many people through the distribution of audio messages of prayers and sermons, The church prepared and distributed freely daily bible reading and prayer guide and offered financial assistance to international faith organisations.
FINANCIAL REVIEW Reserves policy The Trustees acknowledge that it will require about £5,000 for three month's operations without any income. The general reserve 15 more than the safety level, and this level is to be maintained. The Trustees by strategic planning are to maintain the level of secured funds in the next 5 years by setting up a £6,000 reserve funds account with the bank. Operational Income and expenditure For the year under review, the church made a financial surplus of £8,237 against (£11,106 surplus in 20221 Total offerings, donations and other income received was £30,196 {£25,444 in 20221 this was up from last year as restriction5 on worship was eased following the pandemic lockdown. Total operating cost was £21,9591£14,338 in 20221 this was up from last year, Trustees are of the opinion that for the foreseeable future, increased evangelism to a bigger audience from internet, phone apps, and tweeter, what's up and the Facebook is a long-term strategy to expand the Ministry. Trustees are most grateful to the members and the public who continued to give to the work of God carried on at the church. Volunteer services The Trustees would like to mention the work of several dedicated volunteer5 whose contribution immensely contributed to the work at the church. The church benefited from these services provided free of charge. The trustees once again extend a big thank you to 311 its volunteers.
STATEMENT OF MANAGEMENT RESPONSIBILITIES The trustees are responsible for preparing the Report of the Trustees and the financial statement5 in accordance with applicable law and United Kingdom Accountin8 Standards Iunited Kingdom Generally Accepted Accounting Practice). Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing those financial Statements, the trustees are required to select suitable accounting policies and then apply them con51Stently; observe the methods and principles in the non for profit SORP- make judgements and estimate5 that are reasonable and prudent, prepare the financial statements on the going concern basis unless it is inappropriate to presume that the church will continue in business. The trustees are responsible for keeping proper accounting records which disc105e with reasonable accuracy at any time the financial position of the church and to enable them to ensure that the financial statements comply with the Companie5 Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. ON BEHALF OF THE TRUSTEES.. Fevzrsc Signature Trustee
INDEPENDENT EXAMINER'S REPORT I report on the accounts of the Charity for the year ended 31 March 20231 prepared based on the accounting policies shown in the corresponding pages RESPECTIVE RESPONSIBILITIES OF MANAGEMENT AND EXAMINER: A5 the church trustees you are responsible for the preparation of the accounts; you consider that the audit requirement of section 43121 of the Charities Act 1993 (the Artl does not apply. It is my responsibillty to state, based on procedures specified the General Directions given by the Charity Commissioners under sertion 4317llbl of the Act, whether matters have come to my attention. BASIS OF INDEPENDENT EXAMINER'S REPORT: My examination was carried out in accordante with the General Directions given by the Charity commissioners. An examination includes a review of the accounting records kept by the church and a comparison of the accounts presented with those records. It also includes consideration of any unusual Items or dlsclosures in the account5 and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required In an audit, and consequently I do express an audlt opinion on the view given by the accounts. INDEPENDETrif EXAMINER'S STATEME. In connection wlth my examination, no matter has corne to my attention, which gives me reasonable cause to believe, that any material respects the requirements. i. to keep accounting records in accordance wlth section 41 of the Act and 2. to prepare accounts which accord with the accounting records and to comply with the accounting requlrements of the Act has not been met. A Winful, FCCA EA WINFUL & ASSOCIATES CHARTERED CERTIFIED ACCOUNTANTS 18 HERO WALK ROCHEsfER KENT MEI 2UZ
GHANAIAN METHODIST CHURCH CALVARY SOCIETY BIRMINGHAM UK STATEMENT F FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST MARCH 2023 srATEMENT OF FINANCIAL AcTIVlEs For the year ended 31, March 2023 INCOMEAND EXPENDITURE Notes Unrestricted Restricted 2023 2022 Incomin8 Resources Offering & Donations 30,196 30,196 18,3(M) Investment Income Other Operating Income 7,144 Total Income Resources 30,196 25.444 Resources Expanded Cost of Activities 121,9591 114,3381 Total Resources ExpanLled 121,9591 114,3381 Net Incomlng I Ioutgolngl Resources 8,237 11,106 Fund5 brought forward 3110312022 24,226 13,120 Oe5ignated funds utlli5ed Funds carried forward 3110312023 32,462 24,226 Seè notes on the followlng pages for detailed analysi5 of income and expendlture CONTINUING OPERATION None of the church'5 activitles were acquired or discontinued during the current and previous years. and Ihe deficit for the previous year. TOTAL RECOGNISED GAINS AND DEFICITS The church ha5 no recognised gains or deficlts other than the surplu5 for the current yeaT
GHANAIAN METHODIST CHURCH CALVARYSOCIETY BIRMINGHAM UK STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDEO 31ST MARCH 2023 BALANCE SHEET AS AT 31 MARCH 2023 2023 2022 CURRENT ASSETS Note Debtor- 2023 Glft aid payment Bank balance Cash in hand 33,012 24,226 33.012 24.226 CREDITORS.. Amounts falling due wlthin one year.. Accountants fee 15501 15501 Net Current Assets / Iliabllitiesl 32,462 24.226 CREDITORS.. Amounts falllng due for more than one year Total Assets less Llabllltles 32.462 24,226 UNRESTRicfED FUNDS brought lorward Surplus for the year Designated fund5 Total Funds 24,226 8,237 13,120 11,106 32,462 24,226 Signature Trustee
GHANAIAN METHODIST CHURCH CALVAR Y SOCIEf( BIRMINGHAM UK STATEMENT OF FINANCIAL ACTIVITIES OR THE YEAR ENOED 31ST MARCH 2023 NOTES TO THE FINANCIAL STATEMENTS ACCOUNTING POLICIES 1.1 Accountit)g Conventlon The accounts have been prepared under the hi5toflcal c05t convention, and In accordance with 50RP 2 Accountlng for Charities. 1.2 Exemption has been taken from preparing a cash now statement on the grounds that the church 15 a small undertaking. 1.3 Ineoming Resources Incoming Resources repre5ent% collections, donatlons, and gift ald reIptS Income due in the year.
GHANAIAN METHODISTCHURCH CALVARY SOCIETY BIRMINGHAM UK STATEMENT OF FINAPICIAL ACTIVITIES FOR THE YEAR ENDEO 31ST MARCH 2023 NOTES TO THE FINANCIAL STATEMENTS CONTINUED Notes 2023 2023 2023 2022 GENERAL OFFERINGS General OfferinB Retreats, fund Childrens, fund Total Income Received Unrestricted Restricted 25,030 2,798 2367.7 25,030 2,798 2,368 30.196 15,613 2,686 18,300 INVESTMENT INCOME Other Income Total Investment Income OTHER INCOME HMRC Gift Aid Receipts Total Other Income Llnre5tritted Restricted 7,144 7,144 5a COST OF AcfiviTIES Rent Minister's fuel allowance Church Bu5 expen5e5 Hosting Ivi51tlng preachers) Mlscellaneou5 Charity donations Retreat payments to Christ Sheltèr Oonation to Pakistan DEC appeal Total Cost of ACtItieS 13,2101 17,2001 13,0971 16301 12,0121 17101 13,9301 16201 121.4091 13.5201 14,3001 11,9971 11041 12501 14,1661 114,338 5b GOVERNANCE Accountant5 fee 15501